Vertical Aerospace shares dropped 2.5% during Friday’s trading session, closing at $5.60 after touching an intraday low of $5.57. The decline came on lighter-than-usual volume, with just 1.08 million shares changing hands compared to the average of 1.69 million.
The stock currently trades near both its 50-day and 200-day moving averages at $5.48 and $5.36 respectively. With a market cap of $559 million and a beta of 1.21, the stock shows higher volatility than the broader market.
The recent price action appears trading-driven rather than news-driven. No major announcements have emerged in the past 48 hours to explain the move.
Despite the day’s decline, Wall Street analysts maintain a positive outlook on the eVTOL developer. Six analysts rate the stock a Buy, with only one Sell rating in the mix.
The consensus price target sits at $11.80, suggesting more than 100% upside from current levels. Individual targets range as high as $14 from D. Boral Capital.
William Blair initiated coverage in early January with an Outperform rating. The firm highlighted Vertical’s position as a leading European eVTOL manufacturer.
Needham raised its price target to $11 from $9 in mid-December. The upgrade followed progress in battery production and aircraft testing, along with the launch of the “Valo” eVTOL concept targeting 2028 certification.
Cantor Fitzgerald maintains an Overweight rating on the shares. Meanwhile, Weiss Ratings stands as the lone bear with a Sell rating issued this week.
The company reported disappointing third-quarter results in early November. Vertical posted a loss of $0.32 per share, missing analyst estimates of $0.23.
Analysts expect the company to report a loss of approximately $3.95 per share for the full fiscal year. The company continues to burn cash as it develops its electric aircraft technology.
A shareholder meeting on January 21 approved a substantial increase in authorized share capital. The move addresses ongoing funding requirements but raises dilution concerns for existing shareholders.
Institutional investors control roughly 81% of Vertical Aerospace’s outstanding shares. Several funds have made notable moves in recent months.
Tudor Investment Corp increased its stake by 421% in the third quarter. The firm now holds 166,535 shares worth $864,000 after adding 134,551 shares.
Verition Fund Management boosted its position by 1,191% during the same period. The fund now owns 195,151 shares valued at approximately $1.01 million.
New investors also entered positions. Farther Finance Advisors acquired a stake worth $54,000 in the fourth quarter.
Connective Capital Management and PharVision Advisers each established new positions in the third quarter. Their stakes were valued at $262,000 and $294,000 respectively.
The stock experienced a sharper 6.1% decline on January 12 in another session marked by no fresh news catalysts. Volatility remains high as investors weigh funding risks against bullish analyst targets and broader eVTOL sector sentiment.
The post Vertical Aerospace (EVTL) Stock: Analysts See 100% Upside Despite Friday’s Drop appeared first on CoinCentral.
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